Comment

Countries’ debts undoubtedly play a vital role in the global financial system. But, in a zero interest-rate environment, that role must be reevaluated. A column by Daniel Gros.

If Europe is to prosper, it must ease market entry for innovators, so that platforms will begin to develop indigenously, rather than moving in after they have been perfected elsewhere. A column by Alberto Heimler.

As with negative real interest rates, but in a more targeted and efficient manner, we may have to pay to make valuable investments happen. A column by Ricardo Hausmann.

As China confronts the challenges of its economy’s shift to a new normal, it will need to find common ground with the US. A column by Stephen S. Roach.

John Maynard Keynes championed limits on the movement of capital in order to blunt the more damaging effects of globalization. The equivalent today would be to regulate the carry trade. A column by Harold James.

China’s structural shift from export-oriented heavy industrial production to increased production of consumer services will require more employment to create the same amount of value. A column By Martin Feldstein.

The framework agreement with Teheran has vindicated Europe’s approach to resolving the nuclear dispute. The West ought to maintain that approach. A column by Carl Bildt.

America’s reluctance – and that of France, Germany, and Italy – to give the emerging powers an appropriate voice in the established international financial institutions is counterproductive. A column by Jim O’Neill.

Businesses and governments need to think carefully about how to improve resource efficiency while fostering more inclusive economic growth. A column by Laura Tyson.

Can we beat the productivity paradox by harnessing the power of machines to support development in ways that benefit more than the bottom line? There is good reason to be optimistic. A column by Sami Mahroum.

The Great Depression and the Great Recession are related. The inadequate response to our current troubles can be traced to the triumph of the monetarist school of thought. A column by J. Bradford DeLong.

If the ECB succeeds in raising the inflation rate to 2% and prices remain unchanged in the south, this would offer these countries a way out of their competitiveness trap. A column by Hans-Werner Sinn.